Overview
Emptoris- An efficient tool for improving Contracts Management & Procurement activities
• Sourcing
• …
Return your annual investment Day 1
Great customization options -- with certain limitations
Engineering eye for the business guy.
Keep on pushing the buttons
Emptoris Review - Very Powerful and flexible integrated solutions for experienced eSourcing practitioners
A to Z solution
Too complex for a simplified implementation
Differences in Contract Management
Contracts Management on Emptoris Product
Emptoris Contract Management & You
Invoicing made simple with Emptoris
Emptoris review from Network Development
Emptoris- A simple yet effective user review
Awards
Products that are considered exceptional by their customers based on a variety of criteria win TrustRadius awards. Learn more about the types of TrustRadius awards to make the best purchase decision. More about TrustRadius Awards
Popular Features
- Contract database (5)7.777%
- Contract search (5)7.575%
Pricing
Emptoris
$59.00
Entry-level set up fee?
- No setup fee
Offerings
- Free Trial
- Free/Freemium Version
- Premium Consulting/Integration Services
Product Demos
IBM Emptoris DocuSign Demo Video
Procurement - Demo Emptoris
Features
Contract Authoring
Features related to the contract authoring process.
- 9Contract creation(4) Ratings
Includes a document generator and tools for creating new contracts.
- 7.8Contract templates(4) Ratings
Allows users to set up templates or templatize old contracts in order to make new contract creation easier and more consistent.
- 8.3Clause library/saved fields(4) Ratings
Users can save certain fields of a contract for re-use; these may be stored in a template or a clause library.
- 8Guided logic(2) Ratings
Automated questions (based on company policies and the circumstances of the deal) help with the contract authoring process; this is an example of partial automation.
Contract Collaboration
Features related to collaborating on contracts.
- 8Contract sharing(4) Ratings
Users can easily and securely share contracts with internal users and external users. Contracts are accessible.
- 8.7Contract editing(4) Ratings
Contracts can go through multiple drafts and revisions; the software supports multiple versions and version comparison.
- 7.5Collaborating on contracts(3) Ratings
Internal and external users can collaborate on contracts without changing the text of the contract; this may be done through comments, questions, and/or message board conversations.
- 7.5MS Word plug-in(2) Ratings
Users can make changes to contract language using Microsoft Word.
- 8.2Approval process(4) Ratings
Approval workflows can be configured to streamline and automate the approval process; the approval process is helpful and convenient.
- 7.8Interdepartmental workflows(4) Ratings
Users can set up interdepartmental workflows so that contracts can flow between teams in a logical and organized manner.
Contract Monitoring
Features that enable users to monitor the status of contracts.
- 7.7Contract database(5) Ratings
Contracts are stored and organized in a central repository.
- 7.5Contract search(5) Ratings
Users can easily look up contracts within the database.
- 8.5Contract milestone reminders & alerts(3) Ratings
Users can schedule reminders and/or trigger alerts according to contract milestones.
- 7.4Custom contract reports(4) Ratings
Users can create custom reports about the status of contracts, contract timelines, efficiency, and revenue tied to contracts.
- 8.4Tracking contract status(4) Ratings
Users can track the status of a contract as it moves through the approval process and beyond.
- 7.9Compliance check(3) Ratings
Users can define and enforce complex business rules related to compliance regulations; helps automate or partially automate contract compliance check.
Product Details
- About
- Competitors
- Tech Details
- FAQs
What is Emptoris?
Emptoris Competitors
Emptoris Technical Details
Deployment Types | Software as a Service (SaaS), Cloud, or Web-Based |
---|---|
Operating Systems | Unspecified |
Mobile Application | No |
Frequently Asked Questions
Comparisons
Compare with
Reviews and Ratings
(23)Attribute Ratings
Reviews
(1-8 of 8)My review on Emptoris from a Buyer's Perspective
eSourcing makes it easier to receive bid responses. Contract Management obviously makes it way easier to archive contracts. Virtual Supply Master is just an easy way to look up the details behind a supplier that we do business with.
- eSourcing is very easy to use. It doesn't take long to setup an RFx. I like being able to have a place where everything is stored which makes potential audits more bearable.
- I like being able to look up a contract quickly through Contract Management and have everything in one place.
- I like being able to run reports through Contract Management. It makes tracking renewals a lot easier.
- Not sure if these are Emptoris restrictions, or just restrictions setup by my organization, but I wish that there weren't so many tabs to fill out to archive a contract.
- I wish that I could customize reports instead of exporting raw data and doing my own analysis.
- I wish that we could easily change contracts into amendments and make sure they are linked appropriately. Currently, we have to delete the record and then recreate the amendment from the original contract.
Emptoris- An efficient tool for improving Contracts Management & Procurement activities
• Sourcing
• Contract Management
• Spend Analysis
• Program Management
We upgraded to Emptoris 10.0 last year and the experience has been great. Compared to other tools, Emptoris is easy to navigate and simple to use.
- Contracts Tracking & Notifications
- Reverse Auctions & eRFXs
- Spend Analytics are insightful
- Slower when running long reports
- When upgraded to 10.0, integration was not seamless and it took more time than expected
- Reporting features have scope for improvement
Great customization options -- with certain limitations
- Document protection - the Check Out contract feature is a great way to allow external parties to make modifications to contract language without the ability to accept those changes. Those redlines can then be imported back into Emptoris and reviewed or further modified as needed.
- Notifications & reminders - you can trigger an email manually from within the system, or you can configure automated notifications andreminders to alert users when a new task is received or has aged a given amount of days, etc.
- Interview wizard - there is a lot of value in the interview wizard. Administrators can configure screens with selecting options via check boxes, radio buttons, or typed-in values. Variables and conditions can be used to selectively populate fields within the contract or apply other options, making for a quick and convenient method to generate contracts conforming to corporate standards.
- Field customization - administrators can customize a list of options for various fields including contract substatus, address type, and user created business term variables.
- Approvals - many different options are available to configure approvals to trigger automatically upon presenting and/or executing the contract including specific individuals, one or more approver groups, or based upon various criteria including terms within the contract, type of contract, or the contract's owning organization.
- Reporting on specific contract language - while it is easy to pull reports based on values populated within the configured business term variables, it is much more difficult to pull reports to identify specific contract language modifications which were typed in via redlining. Even using a workaround involving combining various repository search and reporting techniques, the contracts must still be opened individually to view the modified language if the containing clause exceeds 1,000 characters. This process is tedious and flawed and not something an average user is capable of managing on their own so administrator and/or IT department involvement is often required.
- Inelegant UI - while recent versions have a greatly improved UI, it is still quite inferior when compared to the modern user interface designs today's tech-savvy employees have become familiar with. Also, there are inconsistencies within the interface that are quite perplexing (for example, inconsistently named fields (Contract Substatus, Contract Sub Status, Contract SubStatus), or screens with consistent search criteria layout sometimes allow use of the Enter key on the keyboard to submit the search query while Enter doesn't work on identical screens and the user must manually mouse-click the Search button to submit the search query - while this is inconvenient, it does also call into question the behind-the-scenes quality control as well).
- Vendor support - sometimes it is a great experience. Often however open tickets can drag on for months or be picked up or handed off to many different support techs. It can be frustrated repeatedly relating the specifics of a complex issue to multiple individuals. Would much rather have complex issues which cannot be resolved within a single support touch-point be assigned to a primary owner who can work with the customer throughout the resolution process until the issue has been successfully resolved. This is an area which has a significant amount of opportunity for improvement.
Engineering eye for the business guy.
- The product was user friendly.
- Integrated well with legacy and existing systems.
- Support and training offered by IBM was top notch.
- Certain components could not update properly with integration at first.
- Cost was greater than some competitors.
- Integration took longer than anticipated.
A to Z solution
- Contracts centrally managed
- Rfp / rfq / tender process enhanced
- User friendly / ease of use
- All attachements, documents, communication etc in one place
- One stop shop solution
- The general flow of things
- Straightforwardness
- More customization
Contracts Management on Emptoris Product
- Maintaining contracts as Templates, This feature has helped business to simplify the contract language maintenance and also helped simplify the maintenance of clause related elements that will be used across the product.
- Easy way to create the contracts, Emptoris has provided the easy ways to create the contracts. We dont need any expertise for creating a contract , with interview module any one can do so by answering a simple set of questions.
- Monitoring, This is the best feature I can really count on. The monitoring of the contract is made very easy with the simple configurations and can be monitored in different ways like workflows, email etc.
- MS word as a plugin for editing the language, this is another best feature. Editng of contract language can be done by opening the contract language in a word document . It is a simple process - open, edit, save and close. This saves to Emptoris templates.
- Reporting, Emptoris comes with standard reports which can not always can be fit into our business. This needs to be improved. I hope Emptoris is addressing this issue in their latest releases.
- Though the feature of editing language in MS word is excellent, loading MS word takes time.
- More clause language.
- Multiple language support
- Maintenance of the contracts during the life cycle.
- Bringing Legacy contracts into new system and its maintenance.
- Monitoring the contract and important remainders based on contract.
- Complex contract approval process due to the business complexity.
- User roles and responsibilities - Privileges.
- Version comparison difficulties.
There are good amount of features on Emptoris that can be used, which improves the business process cycle times.
Emptoris Contract Management & You
- Contract Revision Tracking
- Signature Tracking
- Specialty Contracts
- Monitoring of growth in particular areas
- Speed/Performance
- More intuitive built-in reporting environment
- Easier upgrade path when customized to business needs
Emptoris- A simple yet effective user review
- Manages all supplier questions/inquiries via the message boards.
- Ease of use to add new suppliers before releasing bids
- Easily editable if scope changes during the bidding process
- Building tables could be more user friendly. Most of the time, I just attach a spreadsheet
- Rate Auctions could be more user friendly as well. If you have never done a Rate Auction, that first one will be confusing. There is not alot of guidance throughout.